Lying liars at Esquire double down, falsely claim they disclosed former Navy SEAL's eligibility for VA benefits; Update: Esquire (finally) acknowledges error … Yesterday, Esquire magazine came out with an article falsely claiming that the former Navy SEAL who shot Osama bin Ladin was not offered any health care benefits upon leaving the Navy. As Twitchy documented this morning, Esquire&#...Read More
Satellites Reveal Depletion of a Vital Middle East Water Supply … Just in case you needed more reasons to be concerned about the stability of the Middle East, new research using data from NASA's gravity-sensing Grace satellites shows a substantial decline in the volume of groundwater reserves in the Tigris and Euphrates river basins. Data gathered between 2003 and 2009 show the seasonal...Read More
Too Big to Succeed …On December 20, 1994 Mexico's newly installed president Ernesto Zedillo devalued the currency, the peso, by 15%. As a candidate he had said he would "defend the peso like a dog." That day the peso went from 3.47, where it had been for a year, to 3.95 and the trading floors of Wall Street were filled with the sounds of barking dogs … As the crisis conti...Read More
A breakthrough speech on monetary policy … Wednesday night may have marked the "emperor's new clothes" moment of the Great Recession, in which the world suddenly realizes its rulers are suffering from a delusion that doesn't have to be humored … That such economic fatalism is nonsensical is the key message of a truly historic speech delivered on Wednesday by Adair Tur...Read More
Rising power Qatar stirs unease among Back to top some Mideast neighbors … In Egypt, Libya and Syria, where Qatar tried to play a role post-Arab Spring, it finds itself blamed for much that has gone wrong on a local level. Close ties to Egypt's new leaders, the Muslim Brotherhood, have alarmed countries like the United Arab Emirates, where the Islamist group is still banned and which in...Read More
Lying liars at Esquire double down, falsely claim they disclosed former Navy SEAL's eligibility for VA benefits; Update: Esquire (finally) acknowledges error … Yesterday, Esquire magazine came out with an article falsely claiming that the former Navy SEAL who shot Osama bin Ladin was not offered any health care benefits upon leaving the Navy. As Twitchy documented this morning, Esquire&#...Read More
Satellites Reveal Depletion of a Vital Middle East Water Supply … Just in case you needed more reasons to be concerned about the stability of the Middle East, new research using data from NASA's gravity-sensing Grace satellites shows a substantial decline in the volume of groundwater reserves in the Tigris and Euphrates river basins. Data gathered between 2003 and 2009 show the seasonal...Read More
Too Big to Succeed …On December 20, 1994 Mexico's newly installed president Ernesto Zedillo devalued the currency, the peso, by 15%. As a candidate he had said he would "defend the peso like a dog." That day the peso went from 3.47, where it had been for a year, to 3.95 and the trading floors of Wall Street were filled with the sounds of barking dogs … As the crisis conti...Read More
Report Spotlights 'Revolving Door' Issues at SEC … Former U.S. Securities and Exchange Commission staffers who now work in the private sector may have helped derail last year's effort to reform the $2.6 trillion money market fund industry, a report said. The case study on money market fund lobbying is part of a 60-page report by the Project on Government Oversight (POGO). It is o...Read More
The Man Who Killed Osama bin Laden… Is Screwed. For the first time, the Navy SEAL who killed Osama bin Laden tells his story — speaking not just about the raid and the three shots that changed history, but about the personal aftermath for himself and his family. And the startling failure of the United States government to help its most experienced and skilled warriors carry on with the...Read More
Feds Set To Mandate "Black Box" Data Recorders In Every Car And Truck … Privacy advocates worry, but technology has caught bad drivers lying about accident causes … Accident investigators will soon have black-box data from all crashes, because of a new rule set to be finalized by the National Highway Traffic Safety Administration … Many motorists don't know it, but...Read More
Gadgets Report: Google Pays $700M to Apple for Prominent Mobile Search Placement … Apple, Microsoft, and Adobe also gets grilled about high prices by Australian regulators … According to Morgan Stanley (MS) analyst Scott Devitt, Google Inc. (GOOG) paid about $700M USD to Apple, Inc. (AAPL) in 2012 to solidify its monopoly on mobile search traffic … Google's dominant position...Read More
Report Spotlights 'Revolving Door' Issues at SEC … Former U.S. Securities and Exchange Commission staffers who now work in the private sector may have helped derail last year's effort to reform the $2.6 trillion money market fund industry, a report said. The case study on money market fund lobbying is part of a 60-page report by the Project on Government Oversight (POGO). It is o...Read More
The Man Who Killed Osama bin Laden… Is Screwed. For the first time, the Navy SEAL who killed Osama bin Laden tells his story — speaking not just about the raid and the three shots that changed history, but about the personal aftermath for himself and his family. And the startling failure of the United States government to help its most experienced and skilled warriors carry on with the...Read More
Feds Set To Mandate "Black Box" Data Recorders In Every Car And Truck … Privacy advocates worry, but technology has caught bad drivers lying about accident causes … Accident investigators will soon have black-box data from all crashes, because of a new rule set to be finalized by the National Highway Traffic Safety Administration … Many motorists don't know it, but...Read More
Gadgets Report: Google Pays $700M to Apple for Prominent Mobile Search Placement … Apple, Microsoft, and Adobe also gets grilled about high prices by Australian regulators … According to Morgan Stanley (MS) analyst Scott Devitt, Google Inc. (GOOG) paid about $700M USD to Apple, Inc. (AAPL) in 2012 to solidify its monopoly on mobile search traffic … Google's dominant position...Read More
Putin Turns Black Gold Into Bullion as Russia Out-Buys World … When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he's not just talking. He's betting on it. Not only has Putin made Russia the world's largest oil producer, he's also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the pa...Read More
The Luddites Among Us … Certain economic ideas that are both logically wrong and unsupported by historical facts, and which have been known to be wrong for 250 years, are still widely held. This annoys economists. There is something that seems inherent in men's approach to thinking about their own wealth that persuades them that what they have seen, over and over, in nation after nation,...Read More
Look at the pictures of Obama's head, neck, and ear. What happened? These are very eerie pictures. Perhaps he's a victim? – David Icke ForumDominant Social Theme: Who is this man, really? There are many strange things about him. But we will only occasionally mention any of them.Free Market Analysis: US President Barack Obama is such a heavily scrutinized person that speculation swirl...Read More
Could Climate Change Be Al-Qaida's Best Friend in Africa? … In Mali, "a lot of the unrest is deep-seated," says climate-security analyst Caitlin E. Werrell. For example, the Libyan war brought an influx of weapons and militants, and Tuareg separatists had long operated in the arid north. But the north had been getting a whole lot more arid in recent years, thanks to factors lik...Read More